7 U.S.C. § 197a | Production contracts

(a)

Right of contract producers to cancel production contracts

(1)

In general

A poultry grower or swine production contract grower may cancel a poultry growing arrangement or swine production contract by mailing a cancellation notice to the live poultry dealer or swine contractor not later than the later of—

(A)

the date that is 3 business days after the date on which the poultry growing arrangement or swine production contract is executed; or

(B)

any cancellation date specified in the poultry growing arrangement or swine production contract.

(2)

Disclosure

A poultry growing arrangement or swine production contract shall clearly disclose—

(A)

the right of the poultry grower or swine production contract grower to cancel the poultry growing arrangement or swine production contract;

(B)

the method by which the poultry grower or swine production contract grower may cancel the poultry growing arrangement or swine production contract; and

(C)

the deadline for canceling the poultry growing arrangement or swine production contract.

(b)

Required disclosure of additional capital investments in production contracts

(1)

In general

A poultry growing arrangement or swine production contract shall contain on the first page a statement identified as “Additional Capital Investments Disclosure Statement”, which shall conspicuously state that additional large capital investments may be required of the poultry grower or swine production contract grower during the term of the poultry growing arrangement or swine production contract.

(2)

Application

Paragraph (1) shall apply to any poultry growing arrangement or swine production contract entered into, amended, altered, modified, renewed, or extended after the date of the enactment of this section.

Aug. 15, 1921, ch. 64 Pub. L. 110–234, title XI, § 11005May 22, 2008122 Stat. 1356 Pub. L. 110–246, § 4(a)June 18, 2008122 Stat. 1664 (, title II, § 208, as added , , , and , title XI, § 11005, , , 2118.)

Editorial Notes

References in Text

Pub. L. 110–246June 18, 2008The date of the enactment of this section, referred to in subsec. (b)(2), is the date of enactment of , which was approved .

Codification

Pub. L. 110–234 Pub. L. 110–246 Pub. L. 110–234 section 4(a) of Pub. L. 110–246 and enacted identical sections. was repealed by .

Section 11005 of Pub. L. 110–246, which directed amendment of title II of the Packers and Stockyards Act, 1921, by adding sections 208 to 210 at the end, was executed by adding the sections at the end of this part, which is subtitle A of title II of the Act, to reflect the probable intent of Congress.

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 110–234 Pub. L. 110–246May 22, 2008Pub. L. 110–234 section 4 of Pub. L. 110–246 section 8701 of this titleEnactment of this section and repeal of by effective , the date of enactment of , see , set out as a note under .